fiji gold – tuvatu alkaline gold project · banana creek. up to 46 g/t in rock chips. 1,600 x...
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Fiji Gold – Tuvatu Alkaline Gold Project
• 100% control of fully permitted Tuvatu gold project in Fiji• Consolidation of surrounding 7km wide Navilawa gold system
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Tuvatu Alkaline Gold Project Navilawa Caldera, Fiji
Navilawa Caldera
~1Moz.
7 km diameter
Tuvatu Resource
Lion One is one of the only junior resource companies
in the world controlling a high grade, district-scale
Alkaline Gold System
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+25Moz. +40Moz. +11Moz.7 km diameter 7 km diameter 7 km diameter
PorgeraPNG, Barrick
Lihir PNG, Newcrest
VatukoulaFiji, Zhongrun
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Some of the biggest gold deposits in the South Pacific,Porgera, Lihir, and Vatukoula, are alkaline gold systems
Fiji Islands
World Class Gold Deposits in SW Pacific
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7 million ounces historic production
Central RidgeUp to 19.9 g/t In rock chips
Current Resource at 3g/t cutoff299,500 oz. Au indicated @ 8.46 g/t Au 468,000 oz. Au inferred @ 9.70 g/t Au
District-Scale Gold Exploration Targets
7km
Hole 160: 1,614g/t Au over 0.5mInside 253g/t Au over 4.2 mAt vertical depth of 325m
1km+
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Golden Ridge1,400 x 400m
Gold soil anomaly
Banana CreekUp to 46 g/t in rock chips1,600 x 400m anomalies
300m vertical surface extent
QalibuaUp to 12 g/tIn rock chips
TuvatuDrilled Area
1997-1998 Feasibility StudyEmperor (Ivanhoe)
Tuvatu Drilling~900koz.Au
600m x 200m area to 350m depth
Ura CreekUp to 101 g/tIn rock chips
Nubunidike Up to 290 g/t In rocks chips
JomakiUp to 502 g/t In rock chips
Hole 160
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Radiometric signature reveals high concentrations of potassium-rich alkaline volcanic rocks and ideal setting for a large gold mineralizing system
Banana Creek
TuvatuResource
Navilawa Caldera
3 km
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High-grade gold system
associated with intrusive alkaline rocks across 7km wide volcanic caldera;
limited drilling outside permitted mine area
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Lodes: UR1-UR4 Channel Sampling Highlights
CHANNEL SAMPLING HIGHLIGHTS
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10-20 g/t Au 20-40 g/t Au 40-100 g/t Au >100 g/t Au
m g/t m g/t m g/t m g/t
2.70 16.23 2.10 33.10 2.40 74.89 3.60 109.19
1.80 17.31 2.52 33.16 3.30 79.47 3.10 116.32
3.45 17.48 3.50 33.21 3.40 79.37 2.95 118.41
2.50 18.06 3.00 35.50 3.00 83.85 2.50 122.65
1.90 18.18 2.70 35.68 3.45 84.83 2.80 203.59
3.25 19.09 3.00 36.04 2.95 92.48 2.35 290.60
Tuvatu Underground
Previous Feasibility WorkConfirmed high grade mineralization near surface with no constraints laterally or at depth
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Target Channel ID Sample Type Au (gpt) Strike Dip Channel Azimuth
Banana Creek CH1585 0.85 m channel 19.40 NE 70 degrees SE 102
Banana Creek CH1571 6.00 m channel 3.86 NE 70 degrees SE 39
including 1.00 m channel 10.83Banana Creek CH1574 1.05 m channel 5.00 NE 70 degrees SE 175
Banana Creek CH1575 0.80 m channel 2.58 NE 70 degrees SE 310
Banana Creek CH1460 0.45 m channel 35.30 NE 50 degrees SE 249
Banana Creek CH1461 0.28 m channel 7.68 NE 70 degrees SE 37
Banana Creek TUS011041 Spot rock chip 8.38 not applicable
Biliwi CH1466 0.40 m channel 60.40 N-NE 80 degrees E 288
Biliwi CH1466 0.40 m channel 94.80 N-NE 80 degrees E 288
Biliwi CH1466 0.75 m channel 17.90 N-NE 80 degrees E 288
Biliwi CH1466 4.50 m channel 9.79 N-NE 80 degrees E 288
including 0.45 m channel 83.60
Central Ridge CH1451 1.85 m channel 12.55 NE 60-70 degrees SE 346
Central Ridge CH1452 6.70 m channel 2.67 NE 60-70 degrees SE 180
Goat Hill CH1495 0.68 m channel 3.47 NE 70 degrees SE 102
Kingston CH1716 0.90 m channel 6.26 N-S 80 degrees E 155
Kingston CH1481 0.22 m channel 6.31 N-S 80 degrees E 270
Lobau CH1472 1.00 m channel 3.08 N-NW 79 degrees W 280
Matanavatu CH1473 3.45 m channel 8.03 NE 80 degrees SE 350
including 0.65 m channel 32.30Matanavatu CH1474 0.60 m channel 35.88 NE 80 degrees SE 110
including 0.13 m channel 53.60Matanavatu CH1475 3.9 m channel 2.41 NE 70 degrees SE 285
Qalibua CH1437 0.61 m channel 7.85 NE 70 degrees SE 50
Qalibua CH1440 1.32 m channel 2.24 NE 71 degrees SE 260
Qalibua CH1679 1.30 m channel 2.13 NE 72 degrees SE 190
Yaloku TUS012186 Float rock chip 8.71 not applicable
New BLEG Sampling Reveals a much larger high grade gold surface footprint than resource area alone, with only a small part of the gold-bearing area explored to date.
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N S
Tuvatu Resource
Banana Creek
Kingston
Navilawa Caldera
W
New geophysical data
CSAMT data reveals robust, deep rooted structural architecture evolving from the caldera subsurface 1,000’s of meters down
subsurface
surface
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Latest Deep Drilling at Tuvatu
Latest drilling confirms high gradedepth extensions 70m below current resource
Closing in on deep feeder structures
TUDDH 494:33.22 g/t gold over 4.29m, inc. 322 g/t Au over 0.31m, Intersected at vertical depth of 536m